
The public sector can generate wealth as well as debt
Dag Detter, Stefan Holster and Josh Ryan-Collins In his spending review this week, the Chancellor made clear the scale of the economic crisis facing the UK. Much discussion has followed
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Dag Detter, Stefan Holster and Josh Ryan-Collins In his spending review this week, the Chancellor made clear the scale of the economic crisis facing the UK. Much discussion has followed

As government borrowing takes the ratio of public debt in Britain to national income above 100%, listen out for the alarms raised by fiscal conservatives that our profligacy is perpetuating debts that your children will have to pay

The focus of economic policy should be on maintaining a high, sustainable level of employment. This is correct theoretically, practically, and socially. It counterbalances the capitalist market system’s tendency not to create a high level of employment.
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